Binance Labs Leads Funding Rounds Amidst Regulatory Scrutiny
Binance Labs, the venture capital arm of the world’s largest crypto exchange, made several investments in incubator projects and participated in funding rounds for various startups. Despite facing regulatory scrutiny and potential fraud charges, Binance Labs remained active in the crypto investment space. The investments made through the Most Valuable Builder (MVB) incubator program included AltLayer, KiloEx, Kinza, and Sleepless AI. Other notable fundraising rounds included Conductive.ai, D8X, ZkPass, Orbital, and Solv Protocol. However, the total amount raised during the week remains uncertain due to undisclosed funding rounds.
Key Points:
- Binance Labs made investments in four incubator projects and participated in a funding round for privacy infrastructure startup zkPass.
- The investments were made through the Most Valuable Builder (MVB) incubator program.
- Other disclosed fundraising rounds included Conductive.ai, D8X, Orbital, and Solv Protocol.
- The total amount raised during the week is difficult to determine due to undisclosed funding rounds.
- Binance Labs remained active despite increased regulatory scrutiny and potential fraud charges against its parent company.
Hot Take:
Despite facing regulatory challenges, Binance Labs continues to show its commitment to the crypto industry by actively investing in promising projects. The undisclosed funding rounds indicate that the total amount raised during the week could be even higher. This demonstrates the ongoing demand for crypto investments and the resilience of the crypto ecosystem.
By
By
By
By